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Sprott Physical Silver Trust
PSLV

402 hedge funds and large institutions have $1.62B invested in Sprott Physical Silver Trust in 2025 Q2 according to their latest regulatory filings, with 49 funds opening new positions, 153 increasing their positions, 79 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

94% more repeat investments, than reductions

Existing positions increased: 153 | Existing positions reduced: 79

81% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 27

7% more capital invested

Capital invested by funds: $1.52B → $1.62B (+$109M)

4% more funds holding

Funds holding: 385 → 402 (+17)

0.59% less ownership

Funds ownership: 25.13% → 24.54% (-0.59%)

23% less funds holding in top 10

Funds holding in top 10: 13 → 10 (-3)

Holders
402
Holders Change
+17
Holders Change %
+4.42%
% of All Funds
5.29%
Holding in Top 10
10
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-23.08%
% of All Funds
0.13%
New
49
Increased
153
Reduced
79
Closed
27
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$40.6M
2
JAM
Jupiter Asset Management
United Kingdom
+$11.4M
3
FDCDDQ
Federation des caisses Desjardins du Quebec
Quebec, Canada
+$8.57M
4
PCM
PenderFund Capital Management
British Columbia, Canada
+$7.53M
5
AA
ALPS Advisors
Colorado
+$7.16M

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$50.9M
2
PAMP
Polar Asset Management Partners
Ontario, Canada
-$18.6M
3
WCM
Wealthcare Capital Management
Virginia
-$14.3M
4
Raymond James Financial
Raymond James Financial
Florida
-$12.9M
5
GWM
Geneos Wealth Management
Colorado
-$11.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
AAS
126
Ameritas Advisory Services
Nebraska
$1.34M +$536K +47,299 +76%
SWM
127
SeaCrest Wealth Management
New York
$1.34M -$6.79K -600 -0.5%
SMC
128
Smith, Moore & Co
Missouri
$1.32M +$24.6K +2,175 +2%
TSS
129
Two Sigma Securities
New York
$1.29M +$705K +62,265 +143%
NSG
130
Nalls Sherbakoff Group
Tennessee
$1.27M – – –
NA
131
NewEdge Advisors
Louisiana
$1.27M +$407K +35,981 +53%
Cerity Partners
132
Cerity Partners
New York
$1.26M +$57.5K +5,081 +5%
FAIM
133
Financial Advocates Investment Management
Washington
$1.26M +$198K +17,499 +21%
First Manhattan
134
First Manhattan
New York
$1.25M – – –
PTC
135
Philadelphia Trust Company
Pennsylvania
$1.25M -$288K -25,411 -20%
AL
136
Arnhold LLC
New York
$1.22M – – –
AWM
137
Apollon Wealth Management
South Carolina
$1.21M +$37.1K +3,280 +3%
SA
138
Sanctuary Advisors
Indiana
$1.21M +$106K +9,400 +11%
SA
139
Sicart Associates
New York
$1.2M – – –
SPC
140
Sigma Planning Corp
Michigan
$1.19M -$32.8K -2,895 -3%
WA
141
Waverly Advisors
Alabama
$1.17M +$5.66K +500 +0.5%
BGC
142
Beutel, Goodman & Co
Ontario, Canada
$1.13M – – –
PI
143
PFG Investments
New York
$1.1M +$6.42K +567 +0.6%
SDWIA
144
Schwarz Dygos Wheeler Investment Advisors
Minnesota
$1.09M +$11.1K +982 +1%
BFA
145
Beaumont Financial Advisors
Massachusetts
$1.05M -$34.6K -3,057 -3%
CWS
146
Cypress Wealth Services
California
$1.05M +$1.31K +116 +0.1%
MAA
147
Mraz Amerine & Associates
California
$1.04M – – –
CAM
148
Cobblestone Asset Management
Virginia
$1.03M -$2.46K -217 -0.3%
BWA
149
Beam Wealth Advisors
Louisiana
$1M +$192K +16,932 +26%
WAM
150
Wakefield Asset Management
Colorado
$1M +$926K +81,780 New
4 5
6
7 8

PSLV Hedge Fund Activity: Q2 2025 in Review

402 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Sprott Physical Silver Trust (PSLV) for Q2 2025, worth a combined $1.62B — up 7.2% from $1.52B a quarter earlier.

Buyers outnumbered sellers: 49 funds opened new PSLV positions and 27 closed out — a net gain of 22 holders — while 153 added to existing stakes and 79 trimmed.

The largest buyer was Jane Street, adding an estimated $40.6M. The largest seller was BlackRock, cutting an estimated $50.9M.

  • 402 institutional investors held Sprott Physical Silver Trust (PSLV) as of Q2 2025, up from 385 in Q1 2025.
  • Funds reported $1.62B of Sprott Physical Silver Trust stock for Q2 2025, up 7.2% quarter-over-quarter.
  • 49 funds opened new Sprott Physical Silver Trust positions in Q2 2025 and 27 closed out, a net change of +22 holders.
  • The largest Sprott Physical Silver Trust buyer in Q2 2025 was Jane Street, an estimated $40.6M added.
  • The largest Sprott Physical Silver Trust seller in Q2 2025 was BlackRock, an estimated $50.9M sold.

Based on aggregated 13F filings for Q2 2025.